A DIVISION OF BRIDGESTONE SA RETAIL (PTY) LTD Cnr. Quality & Isando Roads, Isando Tel: (011) 966-5900 Fax: (011) 392-3358 Toll Free: 0800 110 504 www.supaquick.co.za Bridgestone South Africa Retail (Pty) Ltd. Reg No.1983/010523/07 Directors: WC Els Dear Applicant RE: SUPA QUICK FRANCHISE APPLICATION The set-up costs of a Supa Quick Franchise vary according to the size of the shop and equipment needed, however they usually range between R1.5million and R2million of which 50% must be unencumbered. The following costs are relevant: 1. The prospective Franchisee should have sufficient Capital or the ability to raise the Capital for the equipment. Presently, an 6-bay operation would require approximately R 3,080 000 2. Credit facilities will have to be obtained from our nominated suppliers, who typically require security on a Rand-for-Rand basis or a bank guarantee to that effect. This can take up to a month to open, provided all relative information is supplied. Please note that this information will be shared with Bridgestone South Africa (Pty) Ltd. 3. Cash on hand would be required for the following: 3.1 Working Capital. 3.2 Set-up costs for miscellaneous items e.g. office and waiting area furnishings, stocks of stationery and consumables, layout of air lines etc. 3.3 Deposits for rental, water and electricity etc. 3.4 Initial deposit on equipment, which varies according to your credit history with Financial Institutions. 3.5 The Initial Franchise Fee of R 75 000 (excl. VAT), plus waiting area, reception area ± R250 000 plus ongoing monthly royalties on turnover of 0.75% Monthly License Royalty and 3% Monthly Marketing advertising. 4. In the event of purchasing an existing Supa Quick outlet, a change of ownership fee of R 40 000 (excl. VAT) will apply. Kindly complete and sign the attached application form in full (failure to do so will delay the process) and submit by post or fax to the abovementioned address On receipt of the application and after a brief interview we will require you to send a refundable (less direct costs) fee of R 10000 excl. VAT (which will be offset against the Initial Franchise Fee should application be successful) – this is the first step. Should you wish to send a cheque with your application, please make cheques payable to Bridgestone SA Retail (Pty) Ltd.
Transcript
A DIVISION OF
BRIDGESTONE SA RETAIL (PTY) LTD
Cnr. Quality & Isando
Roads, Isando
Tel: (011) 966-5900
Fax: (011) 392-3358
Toll Free: 0800 110 504
www.supaquick.co.za
Bridgestone South Africa Retail (Pty) Ltd. Reg No.1983/010523/07
Directors: WC Els
Dear Applicant
RE: SUPA QUICK FRANCHISE APPLICATION
The set-up costs of a Supa Quick Franchise vary according to the size of the shop and equipment needed, however they usually range between R1.5million and R2million of which 50% must be unencumbered.
The following costs are relevant:
1. The prospective Franchisee should have sufficient Capital or the ability to raise the Capitalfor the equipment. Presently, an 6-bay operation would require approximately R 3,080 000
2. Credit facilities will have to be obtained from our nominated suppliers, who typically requiresecurity on a Rand-for-Rand basis or a bank guarantee to that effect. This can take up to amonth to open, provided all relative information is supplied. Please note that thisinformation will be shared with Bridgestone South Africa (Pty) Ltd.
3. Cash on hand would be required for the following:
3.1 Working Capital. 3.2 Set-up costs for miscellaneous items e.g. office and waiting area furnishings, stocks of
stationery and consumables, layout of air lines etc. 3.3 Deposits for rental, water and electricity etc. 3.4 Initial deposit on equipment, which varies according to your credit history with
Financial Institutions. 3.5 The Initial Franchise Fee of R 75 000 (excl. VAT), plus waiting area, reception area ± R250
000 plus ongoing monthly royalties on turnover of 0.75% Monthly License Royalty and 3% Monthly Marketing advertising.
4. In the event of purchasing an existing Supa Quick outlet, a change of ownership fee of R 40000 (excl. VAT) will apply.
Kindly complete and sign the attached application form in full (failure to do so will delay the process) and submit by post or fax to the abovementioned address On receipt of the application and after a brief interview we will require you to send a refundable (less direct costs) fee of R 10000 excl. VAT (which will be offset against the Initial Franchise Fee should application be successful) – this is the first step.
Should you wish to send a cheque with your application, please make cheques payable to Bridgestone SA Retail (Pty) Ltd.
A DIVISION OF
BRIDGESTONE SA RETAIL (PTY) LTD
Cnr. Quality & Isando
Roads, Isando
Tel: (011) 966-5900
Fax: (011) 392-3358
Toll Free: 0800 110 504
www.supaquick.co.za
Bridgestone South Africa Retail (Pty) Ltd. Reg No.1983/010523/07
Directors: WC Els
Should you wish to do an EFT, here are the details:
Account Name: Bridgestone SA Retail (Pty) Ltd, Standard Bank Midrand. Account Number: 202510239, Branch code 001155
Kindly fax confirmation of deposit, using surname or company name as reference to 011 392 3358.
Best Regards Brett Lovell Greene Franchise development 011 966 5904
A DIVISION OF
BRIDGESTONE SA RETAIL (PTY) LTD
Cnr. Quality & Isando
Roads, Isando
Tel: (011) 966-5900
Fax: (011) 392-3358
Toll Free: 0800 110 504
www.supaquick.co.za
Bridgestone South Africa Retail (Pty) Ltd. Reg No.1983/010523/07
Directors: WC Els
RE: Commitment Undertaking
Introduction This document serves to obtain initial commitment from candidates who intend investing in a Supa Quick franchise. Due to the large numbers of interested parties we are only able to invest time and resources with candidates who are serious about investing.
Consequently a payment to signify the candidate’s commitment to thoroughly investigating the franchise opportunity is required. This is not a non-refundable deposit as only direct costs will be deducted should you not be a successful Supa Quick franchisee candidate.
Franchise Development The Supa Quick franchise is an opportunity whereby a franchisee will be responsible for the owning and management of a Supa Quick franchise.
Financial Commitment The initial commitment fee is R10000.00 excluding VAT.
In the case of a new store, this payment will be set off against the Initial Franchise Fee of R65000 (excluding VAT) upon signature of the franchise agreement.
In the case of a change of ownership, this payment will be set off against the Change Of
Ownership Fee of R40 000 (excluding VAT) upon signature of the franchise agreement.
Should the franchise not be concluded within 12 weeks from signature hereof the following costs
(plus VAT) but not limited to, will be set off against the commitment fee:
Bank administration, Credit verification, Psychometric screening, Travel cost incurred by the franchisor, Other direct costs Note: The costs incurred should not amount to more than 50% of the deposit
Best Regards,
Brett Lovell Greene Franchise Development 011 966 5904
A DIVISION OF
BRIDGESTONE SA RETAIL (PTY) LTD
Cnr. Quality & Isando
Roads, Isando
Tel: (011) 966-5900
Fax: (011) 392-3358
Toll Free: 0800 110 504
www.supaquick.co.za
Bridgestone South Africa Retail (Pty) Ltd. Reg No.1983/010523/07
Directors: WC Els
Supa Quick Franchise Application
Applicant details
Full name and title:
Identity number:
Physical address:
Postal address:
VAT registration number:
Area for which applicant is applying:
Acceptance of terms and conditions
I, , accept the terms and conditions of
this Commitment Undertaking.
Signature:
Date:
Bridgestone Representative:
Signature:
Date:
Supa Quick Franchise Application
Steps to owning a SUPA QUICK Franchise:
1. Contact Bridgestone S.A. Retail (“BSAR”) to discuss your requirements and how they may be met with our management team – (011) 966-5900.
2. Complete the application form, on receipt of the application form and after an initial interview,( face to face or telephonic),
3. On our mutual agreement to proceed with the process, we will request that a Refundable (less
direct costs) fee of R 10 000 which will be offset against the initial Franchise fee if accepted.
4. Sign the Commitment Letter and Non-Disclosure Agreement.
5 Provisional acceptance will be granted / rejected on information supplied in application form.
6. Arrange a projected business plan depending on size and location of the proposed store. Finance, where applicable, to be confirmed by financial institutions as well as accounts with nominated suppliers.
7. Source a suitable site and location in your preferred available area. If more than one
applicant is considered for a particular area, management reserves the right to allocate the Franchise.
8. Final acceptance or rejection of application will be determined at this stage.
9. Once site has been secured all legal documents to be signed such as Franchise
Agreement, Lease Agreement, etc and Initial Franchise Fee is now due.
10. BSAR will provide details of optimum store layout, equipment and shop fitting required.
11. Commercial Training of all commercial staff must be completed prior to opening of the store. Where courses have been scheduled, travelling costs and accommodation are for the Franchisee’s account.
12. Technical Staff, where possible, will be assessed two weeks prior to the store opening and
on-site training will be given.
13. Our nominated computer supplier, at Franchisee’s cost, will provide computer Training.
14. Order stock from our nominated suppliers.
15. Plan opening specials and promotions – adverts, pamphlets, etc.
16. Open your store for trading.
Supa Quick Franchise Application
1. APPLICATION FOR SUPA QUICK FRANCHISE
1.1 Full Name(s) of Applicant(s) - all principal owners in proposed dealership:
A)
B)
C)
D)
1.2 Is this Application for a New Conversion of existing Business Change of Ownership Franchise (please complete attached Annexure1 if change of ownership is applicable).
1.3 Nature of Business and Name:
Sole Proprietorship: YES NO
Partnership: YES NO
Limited Company: YES NO
Close Corporation: YES NO
1.4 If other than a Sole Proprietor:
Details of Partners / Members / Shareholders
NAME ADDRESS TEL NO PERCENTAGE
Do any of the above Partners/Members/Shareholders have any interests in existing Auto Fitment Centres? (Please state)
1.5 Proposed Location of Dealership:
1.6 Location of Existing Dealership (W here Applicable):
1.7 Who will be the Franchisees?
NAME ADDRESS TEL NO
Bookkeeper Accounting Officer Auditor Banker
1.8 What experience do you have (Franchisee) of the Tyre Industry?
1.9 Will someone other than the Franchisee manage the Outlet? YES NO
Name of the Manager:
What experience of the Tyre Industry does he/she have?
1.10 If you are awarded a franchise, do you undertake to pay the Initial Franchise Fee as well as the monthly royalties
required by the Franchise Agreement as well as any monies required to develop the site?
YES NO
Supa Quick Franchise Application
2. PERSONAL INFORMATION (This information must be completed for each Principal)
2.1 First Name:
2.2 Surname:
2.3 In what capacity will you be connected with the business?
2.4 Date of Birth:
2.5 ID Number:
2.6 Citizenship:
2.7 Marital Status:
2.7.1 In Community of Property Out of Community of Property Islamic Other:
2.7.2 Date of Marriage:
2.7.3 Spouse’s Name:
2.7.4 Date of Birth (spouse):
2.7.5 Name of Employer (spouse):
2.7.6 Present Position (spouse):
2.7.7 ID Number (spouse):
2.8 Home Address:
At above address since:
2.9 Postal Address:
Postal code:
2.10 Contact Telephone Numbers:
(H)
(W)
(C) _
2.11 Next of Kin (not of same address):
Relationship:
Address:
Telephone:
Supa Quick Franchise Application
3. EDUCATION
Please list highest education qualification obtained:
4. GENERAL INFORMATION
4.1 Personal References: (other than relatives or employers)
Full Name
Address
Tel No
Occupation
Years Known
5. CIVIC AND COMMUNITY ACTIVITIES
Describe any civic or community activities in which you participate; any offices held:
6. INTERESTS / HOBBIES
What are your major interests or hobbies outside of your work? How much time do you spend on these hobbies?
Supa Quick Franchise Application
7. BUSINESS EXPERIENCE
7.1. Present Occupation:
(a) Position:
(b) Company:
(c) Address:
(d) Describe duties, number of employees supervised and responsibilities:
7.2. Previous business experience (beginning with most recent):
Dates Employed:
Position:
Company:
Type of Business:
Responsibilities:
Supervisor:
Reason Left:
Dates Employed:
Position:
Company:
Type of Business:
Responsibilities:
Supervisor:
Reason Left:
Dates Employed:
Position:
Company:
Type of Business:
Responsibilities:
Supervisor:
Reason Left:
Supa Quick Franchise Application
8. PERSONAL FINANCIAL STATEMENT
8.1 Income statement for year ending:
PER ANNUM
Salary / W ages R
Bonus / Commissions R
Dividends / Interest R
Real estate income R
Business profits R
Notes / Accounts receivable R
Other Income (specify source): R
R
R
R
R
R
TOTAL
R
Supa Quick Franchise Application
LIABILITIES
Accounts payable – current Portion (Schedule J&K)
R
Notes/loans payable – current Portion (Schedules F&K)
R
Total current liabilities
R
Balance other notes and loans (Schedule K)
R
Balance real estate loan (Schedule F)
R
Balance other debts or Obligations (Schedule J)
R
Total long term liabilities
R
Total Liabilities
R
Net Worth
R
Total Liabilities and Net Worth
R
8.2 Balance sheet for year ending:
ASSETS
Cash on hand and in banks (Schedule A)
R
Accounts receivable – current (Schedule B)
R
Notes receivable – current (Schedule B)
R
Total current assets
R
Total non–current receivables / notes
R
Furniture, household items (Schedule C)
R
Listed securities (Schedule D)
R
Debentures (Schedule E)
R
Real estate – current market value (Schedule F)
R
Insurance cash value (Schedule G)
R
Net value of business Interests (Schedule H)
R
Other assets (auto, personal property. etc.) (Schedule I)
R
TOTAL ASSETS
R
8.3 Schedule A - Cash on hand and in Banks
Supa Quick Franchise Application
Name of Bank
Branch
Type of Account
Balance
TOTAL R
8.4 Schedule B – Accounts /Notes / Mortgage Receivable
Debtor
Relation
Nature of Debt
Maturity Date
Original Face Value
Monthly Payment
Present Balance
TOTAL
R
R
R
8.5 Schedule C – Furniture, Fixtures and Equipment
DESCRIPTION
COST
TOTAL
R
8.6 Schedule D – Listed Securities
No. of Shares
Description
Pledged Yes / No
Current Market Value
TOTAL
R
Supa Quick Franchise Application
8.7 Schedule D – Unlisted Securities
No. of Shares
Description
Pledged Yes / No
Current Market Value
TOTAL
R
8.8 Schedule E - Debentures
No.
Description
Pledged Yes / No
Face Value
Current Market Value
TOTAL
R
8.9 Schedule F – Real Estate
Address and Description of Property
Date Purchased
Title in Name of
Original Cost
Bond Balance
Current Value
Equity
TOTAL
R
R
8.10 Schedule G – Life Insurance CASH VALUE
Name of Insurance Co. Type of Policy
(e.g. Life / Endowment / RA)
Face Amount
Cash Value
TOTAL
R
R
Supa Quick Franchise Application
8.11 Schedule H – Lease/ Hire Purchase Agreements –Past and Current
Name of Business
Description
Name of Owners
% Equity Buy / Sell
Agreement Valuation Method
Nett Value Your Interest
TOTAL
8.12 Schedule I – Other Assets (e.g. Stock Options, Automobiles, Personal Property)
8.14 Schedule K – Accounts / Loans / Notes Payable (excl. Real Estate)
Lender
Relation
Nature of Debt
Secured Yes/No
Maturity Date
Original Face Value
Monthly Payments
Interest Rate
Present Balance
Supa Quick Franchise Application
TOTAL
R
8.15 Schedule L – Business Interests ( Please provide the latest Income statements and Balance sheets for each Business
Institution Account Number
Asset Acquired
Total Amount
Monthly Payments
Period of Agreement
Dates
8.16 Present Bankers
Bank Branch Name Nature of Account Account Number Current Balance
8.17 Available Finance For Immediate Investment
Financing
Nature of
Secured By
Repayable over what period
Amount of
Monthly
8.18 How much are you in a position to invest for the following?
Total capital:
Working capital:
Inventory:
Equipment:
Nature of Funds (Please explain where Funds will be sourced and whether they will incur finance costs or not?)
8.19 How much more could you raise in 90 days?
8.20 Please explain source of funds:
8.21 Does your spouse or another person have any separate interest in any of the previously listed assets? If yes, please explain and list assets.
Supa Quick Franchise Application
8.22 BEE Applicants: Please state whether you have applied to any institutions dealing with loans for the previously disadvantaged (provide details and contact details):
8.23 Have you ever been self-employed? If so, give details:
8.24 Have you ever had a business failure? If so, give details:
8.25 Do you have any outstanding liabilities as a result of such previous failures? If so, give details:
8.26 Do you hold any other interests in other business venture e.g. partner / shareholder? List details of business and
interest:
8.27
Are you a defendant in any legal actions?
YES
NO
8.28 Have you ever been declared insolvent?
If yes, specify detail:
YES NO
If yes, are you now rehabilitated?
YES
NO
8.29
Surety – Have you signed surety on behalf of anyone?
YES
NO
Specify detail:
Supa Quick Franchise Application
8.30 Have you had any default judgments against you or an entity you have been involved with?
Specify detail:
8.31 Have you ever been found guilty of a criminal offence? YES NO
If yes, specify details:
9. ACCOMPLISHMENTS
What are the things you have done either in your work or outside of which you are most proud of?
10. FUTURE
What are your general impressions of the future for the tyre business? What kinds of things would you like to see done to improve the opportunities in this field? W hat can you personally do to see that such things happen? Add any other comments you feel that are significant.
Supa Quick Franchise Application
I represent and warrant to Bridgestone SA Retail (Pty) Ltd, that the information in this application presents my true financial and/or personal condition as of the date shown below and includes all information that is necessary to make the information in this application not misleading. I understand that Bridgestone SA Retail (Pty) Ltd will rely on this information to decide whether to enter a franchise agreement with me. Accordingly, any material misrepresentation shall be adequate grounds for Bridgestone SA Retail (Pty) Ltd to rescind any agreement that Bridgestone SA Retail (Pty) Ltd and I enter. I will promptly advise Bridgestone SA Retail (Pty) Ltd of any material change in the information in this application.
I authorize Bridgestone SA Retail (Pty) Ltd to seek and rely upon information from financial institutions, my professional advisors, credit bureaus and other third parties to verify the accuracy and completeness of the information in this application. I authorize Bridgestone SA Retail (Pty) Ltd to retain for its records information that Bridgestone SA Retail (Pty) Ltd obtains from such third parties.
In consideration of Bridgestone SA Retail (Pty) Ltd considering this application I agree, upon Bridgestone SA Retail (Pty) Ltd request, to supply statements from my professional advisors and financial institutions verifying the above assets. I agree also to furnish promptly upon Bridgestone SA Retail (Pty) Ltd request true copies of my (and, if applicable, my spouse’s) income tax returns as filed for the last five years.
I hereby authorize Bridgestone SA Retail (Pty) Ltd to share all information with Bridgestone South Africa (Pty) Ltd required to open a trading account with Bridgestone South Africa (Pty) Ltd, and I understand that the franchise is granted up on my qualifying
for a trading account with Bridgestone South Africa (Pty) Ltd.
Signature (Applicant) Signature (Spouse)
Date: Date:
Place: Place:
Witness: Witness:
Date: Date:
Place: Place:
Supa Quick Franchise Application
COPIES OF THE FOLLOWING DOCUMENTATION WILL BE NEEDED IF APPROVED IN PRINCIPLE AS A FRANCHISEE
Certified Copies of the Following:
1. Closed Corporation: CK1 Document
2. Company: Certificate of Incorporation
3. All members, shareholders or partners’ Identity Documents Approval of all financing by Financial Institution, if
Applicable. Regional Service Council Certificate
4. Receiver of Revenue – VAT Receiver of Revenue – PAYE Receiver of Revenue – Company Tax Department of
Manpower – UIF Workmen’s Compensation
5. Supporting proof for financial information. (i.e. Banking institution: verified statements / documents) Business Plan
(template is available on request)
ANNEXURE 1
ADDENDUM TO FRANCHISE APPLICATION
Change Of Ownership
Please supply the following:
1. Copy of the sale agreement.
2. Copy of the income statement balance sheet used to value the business.
3. Method used to value the business:
4. How much of purchase price will be paid from unencumbered cash?
5. How much of the purchase price will be loaned?
6. What will the loan payments amount to and what interest will they attract?
7. What will the extra business expenses incurred by changing ownership amount to on a monthly basis?
8. What collateral will be available to the businesses suppliers by new owners?
9. Who will run the business?
10. Please supply the person in point above ID number: _ _ _ _ _ _ _ _ _ _ _ _ _
11. Please supply details of the person mentioned above experience’s in the Auto Fitment Industry:
